World Bank calls in fraud team

Kerry Miller (mailto:kerryo@NS.SYMPATICO.CA)
Fri, 17 Jul 1998 16:33:56 -0700 

Message-ID:  <35AFDF64.123F@ns.sympatico.ca>
Date:         Fri, 17 Jul 1998 16:33:56 -0700
From: Kerry Miller <mailto:kerryo@NS.SYMPATICO.CA>
Subject:      World Bank calls in fraud team
To: mailto:DEVEL-L@AMERICAN.EDU


http://reports.guardian.co.uk/articles/1998/7/17/11843.html


World Bank calls in fraud team
  By Martin Kettle in Washington
  Friday July 17, 1998


  The head of the World Bank has hired a team of
  investigators to examine allegations of corruption and
  embezzlement against bank officials in Washington.


  James Wolfensohn has confirmed that he has established a
  special internal fraud team to look into the allegations, and
  that accountants Price Waterhouse are among three outside
  teams now combing some of the bank's books.


  Among the projects under scrutiny are World Bank-funded
  schemes in Russia, Japan and Indonesia, countries at the
  centre of the international financial crisis.


  Two unnamed individuals have been notified that they are
  under suspicion. A third, a former World Bank official
  named Fritz Rodriguez, is being sued by the bank in
  connection with a water utility project in Algeria.
[...]